Index (April 19, 1999)
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News
Drill results may boost Caber grade
More drill results from the Caber property, 35 km west of Matagami, Que., suggest that the grade of the Caber resource may be higher once Noranda (NOR-T) has completed the next estimate.Noranda, which…
LME WHSE LEVELS (April 19, 1999)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at April 13/99 (change from April 6 in brackets):MetalStocks(tonnes)Change…
Companies (April 19, 1999)
Aber ResourcesAlta GoldAnglo AmericanArgentina GoldAuspex MineralsBarrick GoldBreakwater ResourcesCamnor ResourcesCantex Mine DevelopmentCitation ResourcesClaude ResourcesCopper Ridge Explor…
Kennecott options ground
Junior White Knight Resources (WKR-V) has optioned an interest in its Lone Mountain gold property in Nevada’s Elko Cty. to Kennecott Exploration.The Rio Tinto (RTP-N) subsidiary can earn an initial 51…
Formation seeks to advance Sunshine project in Idaho
A $1-million private placement will enable cobalt explorer Formation Capital (FCO-T) to develop its Sunshine project in east-central Idaho.The financing will consist of 4 million units priced at 25 ce…
COAL, URANIUM & OIL SANDS — Southern Peru funds expansion
A 15-year loan agreement with Mitsui of Japan will enable Southern Peru Copper (PCU-N) to expand its operations.The US$100-million deal is linked to a long-term contract to sell copper.Southern Peru i…
COAL, URANIUM & OIL SANDS — Juniors to merge
Queenstake Resources (QTR-T) and Santa Cruz Gold (scg-t) have agreed to merge.Queenstake brings to the table properties in Peru, Chile and Mexico plus $8 million in cash.In Peru, the company holds 130…
COAL, URANIUM & OIL SANDS — Partners active at Riou Lake
It’s a far cry from the 1970s, when Saskatchewan’s Athabaska Basin was staked solid and dozens of companies had active uranium exploration programs, but a modest renewal of activity in the area has ac…
Greenstone pours San Andres gold
Having overcome a few setbacks, Greenstone Resources (GRE-T) has poured its first gold at the San Andres open-pit heap-leach mine in Honduras.The celebration follows several weeks of delays caused by …
Hecla buys La Camorra from Monarch
Hecla Mining (HL-N) has signed a letter-of-agreement to pay US$15 million in cash and US$13 million in shares for the La Camorra gold mine in southeastern Venezuela and all remaining assets held by Mo…
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